Americas ETP News
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Portfolio Management Top of Mind for Advisors in 2015
May 7, 2015--Portfolio management was advisors' top concern in the first quarter of this year, according to a recent Fidelity survey, an indication that advisors are getting more discretionary with their client accounts.
Nearly a third of advisors cited portfolio management as an area of focus during the quarter, up from 18 percent in the fourth quarter 2014, according to Fidelity's Advisor Investment Pulse.
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Source: Wealth Management
Pioneer Investments Announces Initiative To Launch NextShares Exchange-Traded Managed Funds
May 6, 2015--Pioneer Investments today announced that it has entered into a preliminary agreement with Navigate Fund Solutions LLC ("Navigate"), a subsidiary of Eaton Vance Corp. (NYSE: EV), to support the launch of a family of Pioneer NextShares(TM) exchangetraded managed funds.
Lisa Jones, President and Chief Executive Officer of Pioneer Investment Management USA, Inc., said, "NextShares offer the potential for an enhanced client investment experience and outcome, a commitment Pioneer has focused on since 1928. NextShares are an innovative way to deliver our active management to investors."
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Source: nextshares.com
Yellen cites ''potential dangers' in U.S. stock valuations
May 6, 2015--Federal Reserve Chair Janet Yellen on Wednesday said high equity valuations could pose potential dangers but that stability risks across the U.S. financial system remained in check.
"I would highlight that equity market valuations at this point generally are quite high," Yellen said. "There are potential dangers there."
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Source: Reuters
Altavista-Sector SPDR Analyzer + Equal Sector Weight ETF-May 2015
May 5, 2015--The monthly update on each of the nine Select Sector SPDRs plus the ALPS Equal Sector Weight ETF is now available.
view the ETF Analyzer Sector SPDR edition May 2015
view the ETF Analyzer
ALPS Equal Sector Weight (EQL)
Source: Etfresearchcenter.com
BNY Mellon ADR Index Monthly Performance Update-April 2015
May 5, 2015--The BNY Mellon ADR Index Monthly Performance Update-April 2015 is now available.
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Source: BNY Mellon
DB-Synthetic Equity & Index Strategy-US ETF Market Monthly Review-ETPs added $37.2bn in AUM breaking the $2.1 trillion mark
May 5, 2015--Data in this report is as of Thursday, April 30th
US ETP assets rose by $37.3bn
ETP assets in the US rose by $37.3bn to $2.107 trillion (YTD +6.5%) last month Global ETP industry assets closed at $2.856 trillion (YTD +8.2%).
ETF AUM was 14.9% of the Mutual Fund AUM at the end of March vs.14.6% at the end of 2014, and 6.5% at the end of 2007.
Flows Review: US ETPs capture $13.8bn during April
US ETPs experienced inflows of $13.4bn during April (+0.6% of last month's AUM).
Commodity ETPs experienced outflows during April of $0.6bn; meanwhile, Equity and Fixed Income ETPs had inflows of $9.1bn and $4.5bn, respectively.
New Launch Calendar: Seventeen new products reached the market during April; three issuers made its debut
There were seventeen new ETFs listed during the previous month; fourteen of these were listed in the NYSE Arca and three were listed in the NASDAQ. The new products offer exposure to Global, Global ex-US, Global ex-US Small-cap, US Small-cap, US, Currency Hedged Real Estate sector, Currency Hedged Infrastructure theme, Currency Hedged Japan, Growth Small-cap companies, China A-shares, Pakistan, UK Large-cap, US stocks with low volatility and low interest rate risk, Global Airline industry, Activist Investors strategy, and two actively managed strategies.
Turnover Review: Floor activity decreased by 15.8% during April
ETP turnover totaled $1.348 trillion last month, 15.8% (-$252.2bn) lower than the previous month figure of $1.600 trillion, and 3.4% below last year's monthly average of $1.395 trillion. Equity, Fixed Income, and Commodity ETPs turnover decreased by $218.4bn (-15.3%), $22.8bn (-20.0%), and $5.9bn (-14.1%) during April, respectively.
ETP trading made up 24.5% of all US cash equity trading in April, down from last year's peak of 30.0% in October, and still below its 3-year monthly average of 26.2%.
request report
Source: Deutsche Bank-Synthetic Equity & Index Strategy-North America
iShares Unveils New Family of Smart Beta ETFs
May 5, 2015--The menu of smart beta ETFs continues to expand with the roll out of five new products from BlackRock, dubbed the iShares FactorSelect ETFs.
The ETFs are based on MSCI indices and provide exposure to U.S. large- and small-cap stocks, international large-and small caps and global stocks.
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Source: Forbes
Bank of Canada cautions on ETFs, outlines liquidity proposals
May 5, 2015--Some exchange-traded funds (ETFs) and mutual funds might face liquidity problems if a large number of investors were to run for the exits at the same time, Bank of Canada Senior Deputy Governor Carolyn Wilkins warned on Tuesday.
She raised the red flag cautiously in a speech in which she outlined central bank proposals to insure markets remain sufficiently liquid under strained conditions....
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Source: Yahoo News
BNY Mellon Introduces Industry's First One-Stop Automated Process to Facilitate Creation and Redemption of ETFs
Authorized Participants Benefit from New Process
May 5, 2015--BNY Mellon, a global leader in investment management and investment services, has introduced the industry's first one-stop process for authorized participants (APs) to automate the creation and redemption of exchange traded funds (ETF).
The enhancements allow an AP to utilize the BNY Mellon ETF Center to propose and negotiate ETF baskets of underlying assets with a fund sponsor during the creation and redemption process. This is a significant improvement over the common industry practice, which required APs to utilize more than one venue to propose, negotiate and settle ETF baskets, BNY Mellon said.
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Source: BNY Mellon
The Nonidentical Twins of ETFs
Differences in the way indexes are weighted will make similar-looking funds diverge
May 4, 2015--Shopping for an exchange-traded fund has at least one key thing in common with shopping for a car: Before you buy, you should look under the hood.
ETFs own baskets of securities that are designed to track the performance of a certain market index.
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Source: Wall Street Journal
